Excellent net income, owner relocating out of state for this highly profitable, franchise Sunoco gas station and convenience store with Lotto in a central area of Northumberland County, Pennsylvania. The business pumps fuel volume of approximately 360,000 gallons annually, with an average markup of about $.15 profit per gallon. The convenience store has a yearly gross income of $610,000. The sale includes a long term commercial lease at a fair rental cost and an option to purchase the real estate. The business has been fully upgraded during the past few years and all equipment is in excellent working condition. All underground tanks are in excellent condition and are the responsibility of the landlord. The sale includes a fully equipped gas station and retail convenient store with displays, shelving, POS system, tables, computers, and refrigeration & freezer units including all the necessary equipment to maintain the day to day business operation. This business has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,000. The business has an assignable commercial lease which expires 2035-01-01 plus additional options, with a monthly rent of $2,600, cost per square foot is $15.60 and rent security $3,600. The business facility which consists of 1,400 sq. ft. has a capacity for twenty customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 10:00 pm. The sale includes a certificate of occupancy from the municipality and the required license approval from the city. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 30% investment return to the owner operator prior to debt service. The 2015 gross yearly income from the C-Store is $610,000 and fuel profit of $54,000, plus additional income from lottery, ATM, propane and money orders. The yearly net income is $79,000 prior to debt service for an absentee owner. The 2016 income remains the same. The business has been valued at $330,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Additionally, an option to purchase the real estate is available for $450,000. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Facilities:

This retail business consists of a 25,000-square foot full service fuel station, and the interior facility consists of 1,400 square feet with a clean attractive appearance. The business is located on a highly active county road with thousands of drive by vehicles and the general area has various other active and successful businesses. The business is located in Eastern Pennsylvania, Northumberland County, which consists of various communities with continued demand for this service industry.

Competition:

To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser

Growth Potential:

The business presently has a limited marketing plan for commercial accounts and if improved can possibly further developed the business bottom line corporate income.

Training/Support:

The owner will remain post-closing for 30 days and supply a transitional period.

Seller Financing:

Seller financing is available to qualified buyers.

Sale Reason:

The seller owns the property and is relocating out of state

Ad #90437

Seller Reference #GST260

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